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Wednesday, 14 December 11
MINER TOBA BARA SEJAHTRA PLANS IPO IN 1ST HALF OF 2012 - THE JAKARTA GLOBE
The Jakarta Globe reported that, Coal miner Toba Bara Sejahtra is aiming high next year, hoping to capitalize on renewed bullish sentiment in the local market with an initial public offering in the first half of 2012.
The company plans to make the IPO in April or May, said Luhut Pandjaitan, president commissioner of the company. The specific terms of the IPO were not made clear.
“I am not allowed to disclose details yet, but we are aiming at similar proceeds as Harum Energy had in its IPO in 2010,” he said on Tuesday, naming one of Indonesia’s leading listed coal miners.
Harum Energy raised Rp 3.38 trillion ($375 million) by selling 2.7 billion shares in a September 2010 IPO. Harum Energy’s was the third-biggest IPO last year, after Borneo Lumbung Energy & Metal, which raised Rp 5.2 trillion in November 2010, and Indofood CBP Sukses Makmur, which raised Rp 6.2 trillion in September of the same year.
Toba Sejahtra, the miner’s holding company, has four business divisions: coal and mining, oil and gas, power generation, and agriculture and forestry.
Toba Sejahtra was founded in 2004 by a group of military veterans led by Luhut, who briefly held the role of the country’s minister of industry and trade in 2010.
Proceeds from the IPO will be used for capital expenditures related to business expansion, such as increasing the production capacity of the company’s mining sites, Luhut said.
He said Toba Bara Sejahtra had three coal mining subsidiaries in Kalimantan. Its production capacity this year is estimated to reach up to 7 million tons, up from about 4 million tons last year. Toba Bara aims to produce 11 million to 12 million tons of coal next year and has 350 million tons in coal reserves, Luhut said.
“Initially we aimed to do the listing this December but [postponed] for a few considerations, including the global market condition,” he said. “Raising funds is not the top priority for us now, because we have a very solid financial condition.”
Toba Bara Sejahtra also has set aside $700 million to buy a 58.8 percent stake in Indonesia Asahan Aluminium (Inalum), according to Bambang Irawan, a director at the company. He said Toba Sejahtra would bid for the stake along with a consortium of regional governments surrounding Inalum’s mining site in North Sumatra.
Last week, the head of the Government Investment Center (PIP) said it had set aside Rp 2 trillion to buy a majority stake in the aluminum miner from the current majority owner, Japan’s Nippon Asahan Aluminium.
It was not immediately clear what Inalum’s shareholder breakdown would look like.
Source: The Jakarta Globe
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Thursday, 17 November 11
KOMIPO INVITES BIDS FOR 500K MT OF COAL
COALspot.com - Korea Midland Power Co. Ltd.(KOMIPO) is inviting bids for the supply of 500,000 Metric Tons of minimum 5700 kcal/kg coal of NAR bases ...
Thursday, 17 November 11
INDONESIAN GOVERNMENT PLANS TO ISSUE MORATORIUM ON COAL MINING LICENSE
COALspot.com - Energy and mineral resources ministry is plans to issue a moratorium on the issuance of coal mining licenses, after the anti-graft co ...
Wednesday, 16 November 11
KRISHNAPATNAM PORT BECOMES DEEPEST DRAFT PORT IN INDIA
COALspot.com - Krishnapatnam Port in its quest to be the best port in India has increased its draft to 17.5 meters, according to E-Mail statement fr ...
Wednesday, 16 November 11
CHINA'S INDONESIA COAL IMPORTS RISE IN OCTOBER
COALspot.com: Indonesia, the world largest coal exporter, shipped 31,162,688 MT of coal in October 2011.
China was a largest importer of Indonesi ...
Wednesday, 16 November 11
TAX OFFICE VOWS TO CRACK DOWN ON COAL MINERS - JP
The Jakarta Post reported that, the Finance Ministry’s Directorate General of Taxation says that it will strengthen its supervision of coal mi ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- The University of Queensland
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- Planning Commission, India
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- ASAPP Information Group - India
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Posco Energy - South Korea
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
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